American Trust Trims Stock Position in Mattel, Inc. (NASDAQ:MAT)

American Trust decreased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,568 shares of the company’s stock after selling 986 shares during the quarter. American Trust’s holdings in Mattel were worth $258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after purchasing an additional 693 shares during the period. GAMMA Investing LLC increased its position in Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the period. CWM LLC lifted its stake in Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after acquiring an additional 1,160 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Shares of MAT opened at $18.87 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average is $19.07 and its two-hundred day moving average is $18.47. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The firm has a market capitalization of $6.36 billion, a PE ratio of 11.79, a P/E/G ratio of 0.99 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MAT shares. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Morgan Stanley increased their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.75.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.